COVID-19 Transforms Metal Casting Market for the Better as Automotive Sector Booms| Global Analysis, Industry Size, Regional Outlook, Competitive Strategies and Forecast 2023

COVID-19 Transforms Metal Casting Market for the Better as Automotive Sector Booms| Global Analysis, Industry Size, Regional Outlook, Competitive Strategies and Forecast 2023

“”Automotive Metal Casting Market””
Covid-19 (CoronaVirus) Impact on Metal Casting Industry: Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By Application (Body Assembly, Engine, and Transmission), Material (Aluminum Casting, Cast Iron, Magnesium Casting and Zinc Casting), and by Regions – Global Forecast To 2023

Global Automotive Metal Casting Market Information Report by Application (Body Assembly, Engine, and Transmission), Material (Aluminum Casting, Cast Iron, Magnesium Casting and Zinc Casting), and by Regions – Global Forecast To 2023

In its research report, Market Research Future (MRFR), highlights that the global automotive metal casting market 2020 is expected to grow significantly over the review period, acquiring a substantial market valuation and a healthy CAGR over the review period.

The major players of global Automotive Metal Casting market are Rheinmetall Automotive (Germany), Nemak (Mexico), GF Automotive (Switzerland), Ryobi Limited (Japan), Ahresty Corporation (Japan), and Dynacast (U.S.).

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Market Highlights

Automotive metal casting market has witnessed a Significant growth, mainly due to the current hype of mobility services, autonomous driving, digitization and automotive-dominated electric powertrains. With the boom in automotive manufacturing, automotive chassis and exterior worldwide account for a major share of automotive metal casting market growth. Vehicle weight reduction is another major trend on the market which is expected to boost demand, with =producers opting for lightweight materials to ensure emission reduction rates. As a result, in the automotive industry, the use of lightweight materials such as aluminium, magnesium and zinc has increased.With major manufacturers and suppliers competing at global level in the automotive industry, competition intensity within the automotive industry has increased. Such intense competition is forcing diverse suppliers and manufacturers around the supply chain to establish high-quality metal casting solutions to gain greater market share. Moreover, consumer expenditure has considerably improved all over the globe, due to a growth in urbanization and availability of new employment opportunities. This is likely to upsurge expenditure in the automotive sector.

The fluctuating cost of metals in the automotive casting industry is considered to be a significant retraining factor. The growing demand for steel is directly proportional to the growing demand for cars worldwide.

Market Segmentation

The global metal casting market has been analyzed on the on the basis of application as Engine, Body Assembly, and Transmission.

On the basis of materials, the market has been segmented as cast iron, aluminum casting, magnesium casting and zinc casting. 

Regional Outlook

In the Asia Pacific region the automotive metal casting market is booming. One of the primary driving factors for this area is increasingly growing vehicle output. Overall shift in the global automotive industry favors the entire Asia Pacific region in leading the charge to be the next powerhouse in the automotive sector. Improving infrastructure in this region, combined with enhancing living standards, has had a positive impact on the entire automotive industry. In addition, a global shift has been witnessed in the Asia Pacific region, which offers major producers on the market opportunities in the form of tax cuts and government subsidies. Cheap labor supply in this area has also been a key influence on the casting market for automotive metals. China is the key driver of growth, as its body safety structures are expected to be adapted to European standards, including more extensive usage of metal casting components.

North America and Europe are the other two leading countries, due primarily to the automotive industry that has developed itself. The presence of major manufacturers in this area is also a primary driver of the casting industry for automotive metals. Heavy investment in R&D allows manufacturers in this region to develop new techniques and products to exploit future market trends. A significant trend in this region has been the expansion of the lightweight material so as to tackle the difficulty of high emission rates.

The automotive industry is in the bourgeoning stage in the Middle East and the South America. The market for automotive metal casting is expected to have a steady growth during the forecast period.

Intended Audience:

  • Distributer & Supplier companies
  • End-users
  • Consultants and Investment bankers
  • Government as well as Independent Regulatory Authorities

Product Analysis:

  • Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information:

  • Regulatory Landscape
  • Pricing Analysis
  • Macroeconomic Indicators

Geographic Analysis:

  • Geographical analysis across 15 countries

Company Information:

  • Profiling of 10 key market players
  • In-depth analysis including SWOT analysis, and strategy information of related to report title
  • Competitive landscape including emerging trends adopted by major companies

Scope of Report

The report for Global Automotive Metal Casting Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Table of Contents

1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:

2 Research Materialsology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research

3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators

4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants

5 Automotive Metal Casting, by Material
5.1 Introduction
5.1.1 Aluminium Casting
5.1.2 Cast Iron
5.1.3 Magnesium Casting
5.1.4 Zinc Casting

Continued……….

List of Tables

Table 1 Europe Automotive Metal Casting, by Region 2011-2027, ($ Million) 19
Table 2 Europe Automotive Metal Casting for Aluminium Casting, by Region 2011-2027, (Million) 19
Table 3 Europe Automotive Metal Casting for Cast Iron, by Region 2011-2027, (Million) 20
Table 4 Europe Automotive Metal Casting for Magnesium Casting, by Region 2011-2027, (Million) 20
Table 5 Europe Automotive Metal Casting for Body Assembly, by Region 2011-2027, (Million) 20
Table 6 Europe Automotive Metal Casting for Engine, by Region 2011-2027, (Million) 21
Table 7 Europe Automotive Metal Casting for Transmission, by Region 2011-2027, (Million) 21

Continued……….

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